Church Hill, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Church Hill Neighborhoods Since 2000




Church Hill, TN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Church Hill Housing Market Information

With 6,719 people, 2,680 houses or apartments, and a median cost of homes of $140,438, Church Hill real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Church Hill, accounting for 73.33% of the city's housing units. Other types of housing that are prevalent in Church Hill include duplexes, homes converted to apartments or other small apartment buildings ( 10.28%), large apartment complexes or high rise apartments ( 9.15%), and a few mobile homes or trailers ( 6.34%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Church Hill. Owner-occupied housing accounts for 69.66% of Church Hill's homes, and 67.62% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Church Hill built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Church Hill built between 1940-1969 ( 22.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.46%). There's also some housing in Church Hill built before 1939 ( 1.07%).

Vacant housing appears to be an issue in Church Hill. Fully 10.55% of the housing stock is classified as vacant. Left unchecked, vacant Church Hill homes and apartments can be a drag on the real estate market, holding Church Hill real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Church Hill Home Appreciation Rates

Appreciation rates for homes in Church Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.51%, which ranks in the top 40% nationwide. This equates to an annual average Church Hill house appreciation rate of 0.73%.

Appreciation rates are so strong in Church Hill that despite a nationwide downturn in the housing market, Church Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Church Hill appreciation rates continue to be some of the highest in America, at 8.11%, which is higher than appreciation rates in 87.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Church Hill. Church Hill appreciation rates in the latest quarter were at -1.22%, which equates to an annual appreciation rate of -4.81%.

Notably, Church Hill's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Tennessee, our data show that Church Hill's latest annual appreciation rate is higher than 80% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$140,438

Church Hill, TN HOME PRICES

Value Range
> $1,119,000 0.4
$839,001 - $1,119,000 0.0
$559,001 - $839,000 0.0
$447,001 - $559,000 0.4
$336,001 - $447,000 4.9
$224,001 - $336,000 11.8
$112,001 - $224,000 52.9
$56,001 - $112,000 21.7
$0 - $56,000 7.9

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
54.5294738075706 35.2040816326531

Number Of Homes And Apartments:
2,680

Church Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
41.34% 2.03% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$744 / per month

Homeownership Rate

Homeownership
Owners 69.66
Renters 30.34
Vacant 10.55

Housing Market Details

 

Age of Homes

AGE OF Church Hill HOMES
2000 or Newer 16.5
1970 - 1999 59.5
1940 - 1969 22.9
1939 or Older 1.1

Types of Homes

TYPE OF Church Hill HOMES
Single-Family 73.3
Townhomes 0.9
Small Apt. Buildings 10.3
Apt. Complexes 9.1
Mobile Homes 6.3
Other 0.0

Home Size

SIZE OF Church Hill HOMES
No Bedroom 0.23
1 Bedroom 7.01
2 Bedrooms 23.00
3 Bedrooms 57.64
4 Bedrooms 9.98
5 or more bedrooms 2.14